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AUD/USD Daily Technical Analysis | 21 November 2017

2017-11-21 09:19 am | Resource: Technical Analysis Section | No Views : 171

AUD/USD rebounded from 0.7535 during the Asian session yesterday as weaker sellers.

AUD/USD Daily Technical Analysis | 21 November 2017

Our neutral view as a result of the pair touching the level of the bearish trend line on the time frame is 60 minutes, and the SMA 20 is neutral.
RSI 14 is trading in a bullish direction and below the 50 level.
It is expected that if the Australian currency breaks against the US currency the level of 0.7531 might target the areas of 0.7461 while, if the pair breached to the level of 0.7557 may target the level of 0.7606 and turn the trend upward.
Support: 0.7535 - 0.7461- 0.7403
Resistance: 0.7570 - 0.7622 - 0.7711
Trend: neutral


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